Mattel (NASDAQ:MAT) Hits New 12-Month High – Here’s Why

Shares of Mattel, Inc. (NASDAQ:MAT) hit a new 52-week high on Thursday . The company traded as high as $22.24 and last traded at $22.22, with a volume of 1539030 shares changing hands. The stock had previously closed at $21.63.

Analysts Set New Price Targets

MAT has been the subject of a number of analyst reports. The Goldman Sachs Group cut shares of Mattel from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a report on Friday. Seaport Res Ptn upgraded Mattel to a “hold” rating in a report on Monday, November 10th. DA Davidson reduced their price objective on Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Mattel from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Finally, Cfra Research lowered shares of Mattel from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mattel currently has an average rating of “Hold” and a consensus price target of $23.50.

Mattel Stock Performance

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.60 and a quick ratio of 1.18. The stock has a fifty day moving average price of $20.11 and a two-hundred day moving average price of $18.94. The company has a market cap of $6.68 billion, a P/E ratio of 16.03, a PEG ratio of 2.34 and a beta of 0.69.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). Mattel had a return on equity of 20.60% and a net margin of 8.27%.The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the company earned $1.14 earnings per share. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, equities analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Institutional Trading of Mattel

Institutional investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC lifted its stake in Mattel by 537.7% during the third quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock valued at $25,000 after buying an additional 1,140 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Mattel by 189.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock valued at $32,000 after acquiring an additional 1,054 shares in the last quarter. Quarry LP acquired a new position in Mattel in the 3rd quarter worth approximately $28,000. Traub Capital Management LLC purchased a new position in Mattel during the 2nd quarter worth approximately $40,000. Finally, IFP Advisors Inc grew its position in Mattel by 90.6% during the 2nd quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock worth $44,000 after purchasing an additional 1,053 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

About Mattel

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.